Rapaport TradeWire March 23, 2023

March 23, 2023

Rapaport Market Comment - March 23, 2023 Diamond trading quiet amid US economic caution. US Federal Reserve raises interest rates 0.25 basis points, aiming to reduce inflation from 6% in February to 2%. Chinese buyers lack urgency after Hong Kong show signaled their reentry to the market. Smalls doing better than certs. Manufacturer profit margins tightening after price increases of small rough in 1Q. Polished production stable at low levels; inventory reduced in popular categories. G7 working on plan to oblige companies to declare their supply is not sourced from Russia ahead of May meeting. Martin Rapaport to address supply chain challenges and opportunities at Israel's International Diamond Week on Monday, March 27. Register here. Watch Video

RAPNET DIAMOND INDEX (RAPI™)   Weekly Monthly Y2Y 0.30 ct 0.41% 1.85% -6.85% 0.50 ct -0.49% -0.89% -20.69% 1.00 ct -0.76% -1.44% -24.93% 3.00 ct -0.27% -0.95% -17.16%

Market Reports   United States: Concern lab-grown gaining market share in bridal segment…   Belgium: Rough auction prices continue to firm in small categories…   Israel: International Diamond Week (March 27 to 30) may lift sentiment…   India: Polished production still below capacity amid high rough prices…   Hong Kong: Sales getting harder, as Chinese buyers have acquired enough inventory for now…

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Podcast: Sanctions, Hong Kong and AI The Rapaport editorial team highlights the major events, trends and quirky news stories that have shaped the diamond industry in the first quarter of 2023. Listen Here

TV and Social Media Help This Family Jeweler Boost Sales By Joyce Kauf Randy and Kristie Mitchum keep up a vigorous public presence to stay top of mind for their customers in Ozark, Missouri. Read More

Jewelers Thinking Outside the Box to Showcase Their Wares By Isabella Yan Brands are employing everything from augmented reality to non-fungible tokens. Read More

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